Financial Literacy EQAO | Baamboozle - Baamboozle

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Question 13

B, C

Question 12

Appreciation: Value of a guitar, Increasing value of a piece of art Depreciation: Value of a cell phone

Question 11

Increase: Initial amount increased Decrease: Interest rate decreased, Interest compounded less frequently

Question 10

a) Increase b) Decrease c) Decrease

Question 9

Income: Interest earned, Cash, Salary Expenses: Gas, Mortgage payments, Cell phone service

Question 8

Question 7

C, D

Question 6

Question 5

Question 4

Depreciated 75%

Question 3

B, C

Question 2

A) 2 years

Question 1

1%, 6 months